Dixon Hubard Feinour & Brown Inc. VA raised its stake in shares of The Charles Schwab Corporation (NYSE:SCHW) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,010 shares of the financial services provider’s stock after buying an additional 1,010 shares during the period. The Charles Schwab Corporation makes up 2.0% of Dixon Hubard Feinour & Brown Inc. VA’s holdings, making the stock its 11th largest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in The Charles Schwab Corporation were worth $7,003,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SCHW. Pinnacle Bank acquired a new position in shares of The Charles Schwab Corporation during the first quarter valued at approximately $119,000. First Bank & Trust raised its position in shares of The Charles Schwab Corporation by 3.6% in the first quarter. First Bank & Trust now owns 3,125 shares of the financial services provider’s stock valued at $128,000 after buying an additional 109 shares during the period. YorkBridge Wealth Partners LLC raised its position in shares of The Charles Schwab Corporation by 9.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,267 shares of the financial services provider’s stock valued at $131,000 after buying an additional 287 shares during the period. Quadrant Capital Group LLC raised its position in shares of The Charles Schwab Corporation by 6.4% in the first quarter. Quadrant Capital Group LLC now owns 3,449 shares of the financial services provider’s stock valued at $133,000 after buying an additional 207 shares during the period. Finally, FTB Advisors Inc. raised its position in shares of The Charles Schwab Corporation by 365.8% in the first quarter. FTB Advisors Inc. now owns 3,852 shares of the financial services provider’s stock valued at $151,000 after buying an additional 3,025 shares during the period. 79.41% of the stock is currently owned by institutional investors and hedge funds.

The Charles Schwab Corporation (SCHW) opened at 43.11 on Monday. The stock has a market cap of $57.68 billion, a P/E ratio of 28.93 and a beta of 1.63. The stock has a 50 day moving average price of $42.64 and a 200-day moving average price of $40.97. The Charles Schwab Corporation has a 12-month low of $29.00 and a 12-month high of $44.10.

The Charles Schwab Corporation (NYSE:SCHW) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.13 billion. The Charles Schwab Corporation had a return on equity of 15.69% and a net margin of 26.73%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. On average, equities analysts expect that The Charles Schwab Corporation will post $1.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 9th. The Charles Schwab Corporation’s dividend payout ratio (DPR) is presently 21.48%.

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Several equities analysts have recently commented on the company. Instinet reaffirmed a “conviction-buy” rating and issued a $46.00 price target (up previously from $44.00) on shares of The Charles Schwab Corporation in a research note on Friday, April 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of The Charles Schwab Corporation in a research note on Wednesday, May 31st. BidaskClub raised The Charles Schwab Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley reissued an “overweight” rating and set a $48.00 target price (up previously from $45.00) on shares of The Charles Schwab Corporation in a research note on Monday, July 10th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $44.00 target price (up previously from $42.00) on shares of The Charles Schwab Corporation in a research note on Monday, June 12th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The Charles Schwab Corporation currently has an average rating of “Buy” and a consensus target price of $44.00.

In other news, EVP Terri R. Kallsen sold 10,536 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $43.15, for a total transaction of $454,628.40. Following the completion of the transaction, the executive vice president now directly owns 5,212 shares of the company’s stock, valued at $224,897.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles R. Schwab sold 290,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $43.27, for a total value of $12,548,300.00. The disclosure for this sale can be found here. Insiders have sold 893,913 shares of company stock valued at $38,402,586 over the last ninety days. Corporate insiders own 12.00% of the company’s stock.

The Charles Schwab Corporation Company Profile

The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.

Institutional Ownership by Quarter for The Charles Schwab Corporation (NYSE:SCHW)

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